Glaxo, Smithkline sign $ 187 bn mega merger
Glaxo Wellcome Plc and SmithKline Beecham Plc said on Monday they had agreed to merge to form the world's biggest pharmaceuticals group worth 114 billion pounds ($ 187.2 billion or Rs 8,14,507 crore).



Panel for privatisation of oil cos
An Indian panel on hydrocarbon reforms has recommended that the government should move out of the oil sector by privatising all state-run firms by 2005, a government official said on Monday.



Duphar, Solvay to recast JV
Duphar-Interfran Ltd and Belgium's Solvay have agreed to recast their alliance to create a separate listed firm to focus exclusively on pharmaceuticals, a statement by Duphar-Interfran (DIL) said on Monday.



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